After the Close Review of Tuesday’s volatile
market action…SPY, DIA, QQQ, MCD,
WMT, AAPL, AMZN, FB, GOOGL, MAST, MU, XLK, XLP, Aad more great setups technical analysis insights…11:08 pm PST
One sector was higher on Tuesday, led by technology XLK +0.03% and
staples XLP -0.16%.
SPY down .95 at 263.19 on 77.9 million shares, 32% above average volume.
Down on lower volume.
VIX down .35 at 11.33
Oil up .04 to 57.48
TLT up .63 to
at 127.24…on 10.9 million shares, 33%
above average volume. Up on higher volume.
MCD +1.37%, and WMT +0.85%, led
the DJIA, 9 advancers.
VLO +6.66%, DLR
+2.20%, and
DLPH +2.15%, led the SPX.
MU +3.28%, EBAY
+3.11%, EA +2.53%,
SIRI +2.32%, and WDC +1.88%, led the NDX.
Intermediate
and long term up trend intact. 3-day short term trend is down.
Up:
QQQ,
Down:
SPY, DIA, IWM,
Breadth weakened on Tuesday, as decliners led 1,870 to 1,037
on the NYSE and led 1,856 to 1,020 on the NASDAQ.
The SPY MFC green
line in the
upper zone at 83.9 prepare to become defensive.
Uptrend
sectors: XLY,
XLI, XLF, XLB, XLV, XLP, XLE, XLRE,
Neutral
sectors: XLK, xlu,
Down
trend sectors:
Intermediate-term trending stocks: Many of these stocks have had significant
pull backs over the past week and it is appropriate to wait for the uptrend
to resume before considering entry…BA, MCD, CAT, TRU, CBOE, LYV, WYNN,
FCAU, CCL, RCL, SQ, CC, EDU, AA, ADBE, PYPL, ALGN, V, MU, FB, A, ISRG, TTWO,
AABA, BABA, CDNS, ANET, RNG, WUBA, SHOP, ATVI, WB, LRCX, NVDA, RACE, RACE, TAL,
42 of 100 NDX stocks closed
higher on Tuesday.
48
NDX stocks are above their 30 DMA.
NDX Stocks to Watch on Wednesday:
Moving Above 30 DMA = 1
EBAY,
Moving Below 30 DMA = 7
AAPL, BMRN, ILMN, LVNTA,
MAT, NCLH, SHPG,
The
intermediate and long-term trends are still up.
6-month Intermediate Term
Market Trend: Up
3-day Short Term Market
Trend: Down
Add Comments here
No comments:
Post a Comment